boAt adds over 9.5 lakh ESOPs worth $9mn D2C consumer electronic brand boAt has doled out employee stock options (ESOPs) to its employees. The board of the company, in a special resolution, has approved to grant 9,55,523 ESOPs to its staff. The total value of these ESOP options is $9 million, the company said in a regulatory filing with the Registrar of Companies (RoC). boAt has five brands under its portfolio including boAt, Redgear, Tagg, Defy and Misfit. boAt has filed its draft red herring prospectus last year. However, it secured ₹500 crore funding from its existing investors Warburg Pincus and Malabar Investments. The company had hoped to ₹2,000 crore.
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FII and DII trades: Foreign Institutional Investors (FII) have been net buyers of domestic stocks for successive days now. On Wednesday, FIIs pumped in Rs 2,347 crore. Domestic Institutional Investors (DII) have been net sellers, pulling out Rs 510 crore yesterday.
IPO watch: Syrma SGS Technology enters the final day of bidding today. So far the issue, that opened last week, has been subscribed 2.27 times. Retail investors have subscribed their portion 2.66 times while NIIs have bid for their quota 3.58 times and QIB portion has been bid for 0.71 times.
Kotak Mahindra Capital Company Ltd, ICICI Securities Ltd and JP Morgan India Pvt Ltd are the book running lead managers to the issue.
The equity shares of Blue Jet Healthcare are proposed to be listed on the BSE and the NSE.